Real Estate Professional- Relationships Over Real Estate

[Brett Vroman]

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $375,000
Cash invested: $25,000

House-hacking a spacious 3-unit home in the most desirable neighborhood in the city of Buffalo; The Elmwood Village.

What made you interested in investing in this type of deal?

Had been helping people buy through the NACA program for years. Decided to utilize the program myself. Put zero down to acquire!!! Let me know if you want further information.

How did you find this deal and how did you negotiate it?

House was initially overpriced, sat for some time. Has a couple features that won't appeal to everyone; but the location is as desirable as it gets for city living.

How did you finance this deal?

NACA Program

How did you add value to the deal?

Wanted the house to be self-sufficient based on 2-units of income. I occupy the 3rd unit.

What was the outcome?

Still living in the home; mortgage being paid for by tenants, building equity.

Lessons learned? Challenges?

Definitely more work than I initially expected with still more work to be done to my unit.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I represented myself & represent other investors